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PyroGenesis (TSX:PYR) completes commercial order, moves to higher output phase

Industrial, Renewable Energy
TSX:PYR
31 May 2022 14:15 (EDT)
PyroGenesis - VP of PyroGenesis Additive, Massimo Dattilo.

Source: PyroGenesis.

PyroGenesis Canada (PYR) has completed another order for its plasma atomized titanium powders for 3D printing.

“This latest order, for 100 kilograms, represents the second consecutive commercial batch of metal powders produced using the company’s NexGen™ plasma atomization system, at our state-of-the-art production facility in Montreal, in as many weeks,” Massimo Dattilo, Vice President of Sales for PyroGenesis, said.

“Creating the NexGen™ plasma atomization process to produce the highest quality metal powders in the additive manufacturing industry has been a long and exacting journey… As mentioned in our previous press release, we are now producing larger commercial batches measuring in hundreds of kilograms instead of sample batches measured in grams.”

The company stated that its commercial milestones achieved over the past few months have allowed it to move to the next step, which is to produce powders by the tonne.

PyroGenesis develops technologies which assist with renewable energy resources by extracting high-purity silicon at a lower cost. The silicon materials are used for energy storage, batteries, and electric vehicle manufacturer.

 PyroGenesis Canada Inc. (PYR) is unchanged trading at $3.02 per share as of 2:15 p.m. ET.

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